In this Waves technical analysis, we will examine the current price action, trading volume, key levels and indicators for WAVES-BTC. Waves is a blockchain-based platform that enables the issuance and trading of custom tokens, allowing users to create and manage their own decentralized applications (dApps) and digital assets. Waves’ unique features include its fast transaction times and low fees, making it an attractive option for developers and investors alike. Additionally, Waves offers a robust set of tools and resources for building and maintaining dApps, including a decentralized exchange and a web3 framework.
Waves Price Overview:
As of October 02, 2023, Waves is trading at approximately 6e-05 BTC. Let’s dive into the detailed price action for WAVES-BTC:
| Metric | Value |
|---|---|
| Open (O) | 6e-05 |
| High (H) | 6e-05 |
| Low (L) | 6e-05 |
| Close (C) | 6e-05 |
| Volume (C) | 152,603.44 |
- Open (O): The opening price for today’s trading session was approximately 6e-05 BTC.
- High (H): Waves reached a daily high of around 6e-05 BTC.
- Low (L): The daily low for WAVES-BTC was approximately 6e-05 BTC.
- Close (C): At the time of analysis, Waves is trading near its daily close of 6e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.63% |
| 3D Change (%) | -3.29% |
| 7D Change (%) | -4.29% |
| 30D Change (%) | -2.62% |
| 90D Change (%) | -8.22% |
| YTD Change (%) | -29.46% |
Over the past three days, WAVESBTC has declined by approximately -3.29%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.29%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WAVESBTC maintaining a downward trend of approximately -2.62%, despite intermittent fluctuations. Examining the last 90 days, WAVESBTC has witnessed substantial drop of approximately -8.22%, reflecting strong long-term confidence. Year-to-date, WAVESBTC has steadily dropped by around -29.46%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Waves Live Chart:
You can access a live price chart for WAVES-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.41542.
- Momentum score is -0.02618.
WAVES BTC Technical Analysis
Waves Trading Volume:
The trading volume for Waves (WAVES) over the past 24 hours has been significant, with approximately 152,603.44 BTC traded against WAVES. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): WAVES is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Waves is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WAVES-BTC is currently in the low zone, around 43.75132. This suggests that Waves is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Waves (WAVES-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
